 Facts and figures about UK taxes, benefits and public spending.
Income distribution, poverty and inequality.
Analysing government fiscal forecasts and tax and spending.
Analysis of the fiscal choices an independent Scotland would face.
Case studies that give a flavour of the areas where IFS research has an impact on society.
Reforming the tax system for the 21st century.
A peer-reviewed quarterly journal publishing articles by academics and practitioners.
|
Type: Journal Articles Authors: Alan Carruth and Andrew Henley ISSN: Print: 0143-5671 Online: 1475-5890
Published in: Fiscal Studies, Vol. 11, No. 3, August 1990
Volume, issue, pages: Vol. 11, No. 3, pp. 27-38
This paper provides estimates of the effect of activity in the housing market on aggregate consumer spending and indirectly on personal saving behaviour. During the last three years consumer spending has grown very rapidly, and the dramatic fall in the savings rate has been given widespread attention. It has been apparent that the main macro-economic forecasting groups failed to predict the boom in spending (see Whitley (1989) and Carruth and Henley (1990)). Moreover, the popular consumption function specifications, based on Davidson, Hendry, Srba and Yeo (1978), are no longer acceptable in the sense of Hendry (1983), as they fail parameter constancy tests for the period since 1985 (see Curry, Holly and Scott (1989a and 1989b) and Carruth and Henley (1990)). Search |
|
|
|
© The Institute for Fiscal Studies
Limited by Guarantee,Registered in England: 954616 7 Ridgmount Street London WC1E 7AE Registered Charity: 258815 VAT no: GB 394 5830 17 Website design by Pynk and Fluffy |
||||||
